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Pensana Shifts £250M Refinery to US, UK Disappointed

10/17/2025

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Summary

Story summary

Pensana Ltd. abandons plans for a £250 million rare earths refinery in Hull and moves operations to the United States due to insufficient UK support and competitive US pricing.
The facility would have created 126 jobs and supported UK's critical minerals strategy.
Pensana's chairman Paul Atherley criticized the UK's slow progress against the United States.
The UK government expressed disappointment and said a Critical Minerals Strategy would be published.

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Story summary

Pensana Ltd. abandons plans for a £250 million rare earths refinery in Hull and moves operations to the United States due to insufficient UK support and competitive US pricing.
The facility would have created 126 jobs and supported UK's critical minerals strategy.
Pensana's chairman Paul Atherley criticized the UK's slow progress against the United States.
The UK government expressed disappointment and said a Critical Minerals Strategy would be published.